02 April 2019 | News
Acquisition will further strengthen Schur Flexibles’ position in flexo printing and extend its platform across the Nordic region
Schur Flexibles Group, provider of innovative and sustainable packaging solutions, has acquired 100 percent of Sweden-based flexible packaging specialist Scandiflex Pac AB.
The acquisition enhances Schur Flexibles’ strong growing market position in Europe, and will particularly bolster Schur Flexibles’ existing capabilities in the Nordic region in the sphere of flexo printing.
Overall, this means the group will become a full-service provider in the Nordics region, covering the complete converting and digital printing value chain. Combining Scandiflex Pac with Schur Flexibles Denmark, Schur Flexibles Finland and Danapak Flexibles, the Schur Flexibles Group covers a platform in the Nordics with a turnover of more than €120 million euros.
Michael Schernthaner, Managing Director of the Schur Flexibles Group said, “Scandiflex Pac is the perfect addition to the growing Schur Flexibles Group. As a leader in the highly attractive Nordic region and an established player in flexo and digital printing, the company will perfectly complement our strong existing European footprint and capabilities. Together we will continue to revolutionise the European flexible packaging industry.”
Stefan Andersson, Managing Director of Scandiflex Pac, adds “The flexible packaging market is characterised by growth and innovation. As part of the Schur Flexibles Group we can both, benefit from enhanced scale and pooled expertise to more effectively stay ahead of rapidly evolving customer demands and regulatory requirements. Schur Flexibles Group’s sharp focus on innovation, sustainability and quality also very clearly matches our own.”
The incorporation of the business in the Schur Flexibles Group will add value through the transfer of expertise between Scandiflex Pac and the Group’s French business, Schur Flexibles Uni. Scandiflex Pac will significantly benefit from the digital printing expertise of the Group’s internal specialists. Schur Flexibles has a track record of successfully acquiring and integrating renowned players in the European market, such as Schur Flexibles Uni and parts of the Clondalkin Group in 2018. The Group currently holds a strong position in the well established markets of Germany, Denmark, The Netherlands, Slovakia, Greece and France.